Earnings per Share

6 Months Ended

Nov. 30, 2023

Note N – Earnings per Share

The following table sets forth the computation of basic and diluted earnings per common share attributable to controlling interest for the periods presented:


	Three Months Ended				Six Months Ended
	November 30,				November 30,
(In thousands, except per common share amounts)	2023		2022		2023		2022
Numerator (basic & diluted):
Net earnings attributable to controlling interest -
income available to common shareholders	$	24,302	$	16,218	$	120,409	$	80,300
Denominator:
Denominator for basic earnings per common share attributable to
controlling interest – weighted average common shares		49,186		48,558		49,013		48,518
Effect of dilutive securities		856		772		1,089		775
Denominator for diluted earnings per common share attributable to
controlling interest – adjusted weighted average common shares		50,042		49,330		50,102		49,293

Basic earnings per common share attributable to controlling interest	$	0.49	$	0.33	$	2.46	$	1.66
Diluted earnings per common share attributable to controlling interest	$	0.49	$	0.33	$	2.40	$	1.63

Non-qualified stock options covering 58 and 138 common shares for the three months ended November 30, 2023 and November 30, 2022, respectively, and 46 and 127 common shares six months ended November 30, 2023 and November 30, 2022, respectively have been excluded from the computation of diluted earnings per common share because the effect would have been anti-dilutive for those periods.